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Error Installing CRM 2016 SP1 Reporting Extensions Update

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Trying to run CRM2016-Srs-KB3154952-ENU-Amd64.exe on our SQL Server I get the alert 'Microsoft Dynamics CRM Reporting Extensions is not installed on this computer.' 

However the Reporting Extensions are definitely installed. (version 7.0.0000.3543)

Any ideas?



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